Board of Directors & CEO
Our Board of Directors
Our Board is committed to helping the Bank achieve sustainable and long-term growth. It sets the strategic direction of the Bank, and oversees its management and governance. Comprising a Chairman and five members, our Board represents a diversity of skills, experience, and backgrounds. The variety of perspectives and styles they bring to the table not only reflects KBZ’s policy for a diverse and inclusive workforce, but also makes our Board more effective, driving better decision making.
Career banker U Mya Than is the Chairman and an independent director of our Board. The Chairman’s responsibilities include leading the Board and ensuring that it functions properly and effectively. He is also responsible for ensuring that Board decisions are sound and well-informed. Further responsibilities of the Chairman can be found in our Corporate Governance Framework.
Three of our six Board members are independent directors who do not participate directly in the Bank’s management, or hold shares in the Bank, making the Board largely independent.
Veteran banker Michael DeNoma has been our Chief Executive Officer since 2017. His inclusion into the BOD is currently pending CBM approval. In preparation for this role, Mr DeNoma attended all Board meetings in 2018-2019.
More details on the roles and responsibilities of the Board of Directors, management performance reviews, and Annual General Meetings, including BOD attendance, can be found in the Corporate Governance Statement and Corporate Governance Framework.
U Mya Than
Chairman (Independent, Non-executive director)
Board Chairman U Mya Than is a career banker with over 53 years of banking experience under his belt. He started as an Assistant Manager at the state-owned State Agricultural Bank before taking up positions at the People’s Bank, the Union of Burma, Myanmar Economic Bank, and other state-owned banks. He retired as Managing Director of the state-owned Myanmar Investment and Commercial Bank. Over the course of his career, U Mya Than was also Chairman of the private Myanmar Oriental Bank and an Independent Director of KBZ Bank.
He has served as a member of the Board of Directors of the Central Bank of Myanmar (CBM), a committee member of CBM’s Foreign Exchange Management Committee, a member of a Ministry of Finance and Revenue think tank, and Chairman of the Payment System Development Committee at the Myanmar Banks Association (MBA). He was also Chairman of the Myanmar Payment Union (MPU) and of the Yangon Inter-Bank Foreign Exchange Market Committee.
U Mya Than holds a Bachelor of Arts in Economics, a Bachelor of Education, and a Master of Public Administration.
U Maung Maung
Vice Chairman (Independent Director)
U Maung Maung is a former Director General of the Central Bank of Myanmar (CBM), and has over 40 years of experience working in financial institutions and state-owned telecommunications. He began his career at the Telecommunication Corporation, where he stayed for 10 years before moving to the CBMr. Over the course of a career that spanned three decades, he gained experience in accounting, bank supervision and regulation, and foreign exchange management, among others.
He was appointed Vice Chairman and Board member of KBZ Bank in 2016.
U Maung Maung has a Bachelor of Science in Chemistry from Yangon University, a Diploma in Economic Studies, and a Master of Business Administration from the Yangon Institution of Economics.
U San Thein
U San Thein is a former banker with over 35 years of experience in banking and financial development.
He began his career in the Research Department of the Central Bank of Myanmar and spent the next two decades focused on banking and financial development. He later moved to the Hong Kong-based research firm Irrawaddy Adviser, where he was involved in producing research on the sector for potential investors. He returned to the banking industry in 2002 as General Manager of Myanmar Oriental Bank, and then Senior Adviser to the Small and Medium Industrial Development Bank. In 2013, he joined GIZ, Germany’s main agency for international cooperation and development, and helped implement its Banking and Financial Sector Development Program in the country, a program designed to increase transparency in the local banking sector and make it more inclusive for SMEs. He was heavily involved in producing banking reports for the organisation, and continues to contribute articles on banking sector reform to the local newspapers.
U San Thein has a Bachelor of Commerce from the Yangon Institute of Economics, with specialisation in banking, finance and insurance.
Daw Nan Than Htwe
Vice Chairman (Non-Executive Director)
Daw Nan Than Htwe has been Vice Chairman of KBZ Bank and Vice Chairman of the KBZ Group of Companies since 2000. With almost 20 years of experience in the banking industry, she has been instrumental in providing guidance and vision in positioning the bank. In 2015, Daw Nan Than Htwe was named ASEAN Woman Entrepreneur of the Year at the Asean Business Awards.
She is also Vice-Chairman of the Board and a member of the Board Remuneration Committee.
Daw Nan Than Htwe has a Bachelor of Education from the University of Yangon.
U Win Maung
U Win Maung was appointed a Non-Executive Director of KBZ Bank in 2018 and has over 45 years of experience in the banking sector. After two years as a Tutor at the Institute of Economics at Rangoon University from 1961 to 1962, he took up positions at the State Commercial Bank and Myanmar Economic Bank as Deputy Manager and Manager, respectively. He was appointed General Manager of KBZ Bank in 1999, and was promoted first to Senior General Manager in 2002, and then to Deputy Managing Director in 2007. In 2009, he took on the additional role of Advisor.
U Win Maung holds a Bachelor of Commerce degree.
Daw Nang Lang Kham
Daw Nang Lang Kham is a Director of KBZ Bank, Executive Director of the KBZ Group of Companies, and Director of KBZ MS General Insurance Co. In 2017, she was appointed Deputy CEO of KBZ Bank, responsible for spearheading its digital transformation and building Myanmar’s workforce of the future.
Nang began training for her role in the family business while still in high school, and has had a front row seat to the Bank’s growth and evolution over the years. She began by shadowing the CFO and Vice Chairman at KBZ Bank, and then gained hands-on experience in the different departments, including loans, collection, product sales, finance, marketing, and CSR.
She formally started her KBZ career in 2011, as part of the founding team of Air KBZ, obtaining a Diploma in Airline Management from IATA in Singapore and later being appointed Executive Director of Aviation and Financial Businesses. But she also retained a focus on technology, marketing and CSR initiatives at KBZ Bank, and was instrumental in setting up the Cards Department when the Central Bank of Myanmar permitted banks to launch cards in 2011.
Nang has received international acclaim for her achievements. In March 2016, she was an invited speaker at Fortune’s Most Powerful Women Asia Summit in Hong Kong. The same year, she was named among Asia’s Women to Watch by Forbes Asia. The following year, The Asian Banker awarded Nang its most Promising Young Banker award for Myanmar.
Throughout her career, Nang’s professional and personal life has been dedicated to uplifting lives in Myanmar through impact-focused initiatives. From championing gender equality to supporting government relief efforts aimed at minimising the humanitarian and economic impact of Covid-19, Nang is a true advocate of improving the quality of life in Myanmar through banking.
Nang has several degrees to her name including a Bachelor of Business Administration from the National University of Singapore (NUS), a Diploma in Airline Management from ITDL in Quebec, Canada, and Master of Management from the University of Sydney.
Mr. Michael B. Denoma
CEO of KBZ Bank
Mike DeNoma is a seasoned CEO in global consumer banking. Prior to his current role in KBZ, Mr DeNoma was CEO of Chinatrust Financial Holdings, the parent company of Chinatrust Commercial Bank, which he headed from 2009 to 2011. As Group Banking CEO, he stabilized and led the rapid growth of the consumer bank in Taiwan and oversaw the business of subsidiaries in 10 countries. Prior to joining ChinaTrust, he spent a decade at Standard Chartered, as Vice Chairman (Asia), CEO of Global Consumer Bank, and Head of Group Strategy. Mr DeNoma is credited with having transformed the business into a dynamic regional player, diversifying its earnings and helping the bank clinch several awards including Asian Bank of the year and Best Retail Banker of the Year (The Asian Banker) in 2007, and Global Retail Banker of the Year and Best Private Bank of the year in 2009.
Mr DeNoma previously held senior positions at Asia Foods, Hutchison Whampoa, Citibank and PepsiCo. He began his career at Procter & Gamble.
He holds a Bachelor of Arts, Summa Cum Laude, from Ohio University, and a Master of Business Administration from the University of Pennsylvania’s Wharton School of Business.